If I follow the developments like this, then I am really glad that last year we also belonged to the "now or never" faction and were quite willing to compromise on the house (not on the location), because as of today we could no longer afford it.
I think today it would still be enough for a 3/3.5 room condo (assuming the same annuity).
That's really crazy.
I continue to observe the market and partly notice that the asking prices are becoming "more realistic."
Houses that last year - listed at the same price - would have been online for a maximum of 30 minutes are now listed for weeks at a time.
I could well imagine that the prices in the purchase contract are nowadays also below the asking prices, whereas last year it was often certainly the other way around.
Nevertheless, the monthly burden is still tendentially higher than last year with higher prices but CLEARLY cheaper financing conditions.
Some still want to make a killing and ask for 700k EUR for a simple terraced house in a "middle location."
Well...
Same here...
Our rate today would be around an unaffordable 3,100 euros with 2% repayment, and the house would most likely be significantly more expensive + missing KfW subsidy. Completely absurd and this within a few months. And yet, in our area, apartments/houses at about 8,000 euros per m2 are selling like hotcakes :O
Current construction prices: Reinforcing steel purchase price is about 1,600 euros/ton
